WASHINGTON (XFN-ASIA) - New US Treasury Secretary Henry Paulson will lobby for more foreign competition against China's banks when he visits the country next month, an official said.

Treasury spokesman Tony Fratto noted that China, under its commitments as a World Trade Organization member, has until the end of the year to unveil proposals on reform of its heavily protected financial sector.

"His (Paulson's) view is that it is in countries' interest to open up their financial sector," Fratto told reporters.

The spokesman declined to say when the former Goldman Sachs boss would head to China, but confirmed that his trip would include a stop in Singapore for a meeting of Group of Seven finance ministers.

The G7 ministers are set to meet on the margins of the annual meetings of the International Monetary Fund and World Bank, which this year takes place in Singapore on Sept 19-20.

Could someone explain the basics of this wanta thing? I am completely idiotic when it comes to numbers, (much to my own detriment). I get that they are withholding a shitload of money but I don't get why or what this will do, or how the money came to be in the first place.

Could someone explain the basics of this wanta thing? I am completely idiotic when it comes to numbers, (much to my own detriment). I get that they are withholding a shitload of money but I don't get why or what this will do, or how the money came to be in the first place.

"Treasury spokesman Tony Fratto noted that China, under its commitments as a World Trade Organization member, has until the end of the year to unveil proposals on reform of its heavily protected financial sector.

"His (Paulson's) view is that it is in countries' interest to open up their financial sector," Fratto told reporters."

Big mistake for China. Welcome to the world of International Zionist Banking. Privatize the banks, buy them out, loan out tons of money you know will never be repaid, call the loans, ruin the currency and buy the assets for pennies on the already worthless dollar.

There are only 13 documents here on Wanta, which itself shows he kept a pretty low profile.

I've found it's best to read these in reverse order, as they were reported, since 1988.

.......

Document 2 of 13

Copyright 1995 Madison Newspapers, Inc.

Capital Times (Madison, WI.)

November 21, 1995, Tuesday, ALL EDITIONS

SECTION: Front, Pg. 2A

LENGTH: 609 words

HEADLINE: 'DELUSIONAL' CON MAN GETS EIGHT-YEAR TERM

BYLINE: BY MIKE MILLER THE CAPITAL TIMES

BODY:

Leo Wanta, the Appleton man who claimed to be an international businessman with connections to government agencies but was portrayed by prosecutors as an international con artist, will be spending the next few years in Wisconsin prisons.

Wanta, 55, who was convicted in May of tax evasion, was given an eight-year prison term Monday by Dane County Circuit Judge Michael Torphy, who also ordered a six-year probation to follow.

For his part, Wanta -- described as delusional by his own attorney -- continued his scam to the end, claiming the court had no jurisdiction over him, that he was a victim of a vicious Department of Revenue and state Justice Department.

''I know there is a conspiracy and subterfuge here,'' Wanta said when given a chance to speak. At various times he has claimed to be a CIA agent, an ambassador from Somalia, a close friend of former Presidents Ronald Reagan and George Bush, and an international businessman.

Assistant Attorney General Douglas Haag, who prosecuted the case, and attorney Steven Epstein, who represented Wanta, disagreed mightily over who Wanta was and what he should get for a sentence.

''As tax fraud cases go, this one is big-time,'' said Haag, who established during the trial that Wanta made $ 166,000 in 1988 and claimed to have made nothing, and made $ 63,000 in 1989 and claimed zero on his taxes.

Haag said that money came from a $ 500,000 scam in which Wanta got people toinvest in a currency exchange deal.

''Mr. Wanta is in fact a con man, nothing more and nothing less,'' he said. ''He is a con man who cons con men.''

Haag said Wanta was arrested in Switzerland in 1993 for attempting an $ 81 million bank fraud. Wanta claimed diplomatic immunity in that case, contending he was the Somalian ambassador to Canada. The Swiss deported him to the United States, where he was arrested in New York on the Wisconsin tax fraud charge.

Wanta is also described in the book, ''A Thieve's World,'' as being involved in an attempted scam involving Russian rubles.

''He is a world class con man,'' said Haag. ''A snake oil salesman. But he was unable to sell that snake oil to the jury.''

Haag asked for a sentence of 13 years in prison and another 12 on probation.

Epstein, on the other hand, said Wanta clearly is delusional.

He called Haag's allegations ''a lot of shadows and smoke and allegations of wrong doing around the world,'' but pointed out Wanta has never before been convicted of a crime.

''The portrait that has been painted by Doug Haag is not the real Leo Wanta,'' said Epstein.

''He exists in a different world,'' Epstein said of his client. ''The fact of the matter is he is in a different orbit,'' Epstein said, adding that Wanta actually believes the stories he tells.

Epstein, who said the tax evasion sentences of Leona Helmsley, Michael Milken and even the notorious Al Capone were less than Haag's recommendation, asked Torphy to let Wanta go for the 444 days he has spent in jail since he was arrested.

Wanta, a portly, gray-haired man, then arose and began an extended speech in which he blamed his woes on others, cutting short his remarks only when Torphy reminded him that the case had already been tried.

''I just want to be left alone,'' Wanta said, adding that if that was done, ''I won't sue them for false arrest.''

Torphy said he was sentencing Wanta only on the tax matter.

''I don't purport to sentence him as a con man,'' the judge said. ''I don't purport to sentence him as a swindler.''

But he said the tax evasion was serious enough to warrant prison time and as deterrent both to Wanta and to others.

3. Since the Russians have not been paid the $30 billion owed to them under the Reagan Protocols, which Ambassador Leo Wanta has promised and which he stands ready to pay them immediately ­ and which President Putin thought would be forthcoming to coincide with Russia paying off all its remaining debt to the Paris Club of creditor nations ­ it can also be considered a near-certainty that the Russians will coordinate their energy trading policies with the Chinese, and will switch to other currencies for oil trading purposes without further ado.

4. These developments will be anticipated by powerful holders of dollars and US Treasuries, and will lead to a very steep devaluation of the US dollar, possibly by 50% or more, in a frighteningly short space of time.

5. The proposition that the Chinese and Russian parties would be reluctant to dump their dollars in anticipation of, in parallel with or consequent upon such developments, would appear, on the face of it (but see below) to preclude any such grievous outcome. Obviously, the implosion of the US dollar will drive the Euro, the Japanese yen and the pound sterling through their respective roofs. And the burgeoning demand for and deployment of currencies other than the US dollar for energy trading purposes, will increase their value further, to the US dollar¹s additional detriment.

Greg talked with former Ambassador Leo Wanta, a former U.S. Treasury official under President Ronald Reagan. Wanta spend 134 days in a Swiss dungeon and is still serving, under house arrest in Switzerland, 10 years of a 22 year sentence for bogus Wisconsin income tax charges.

Wanta tells how he saved President Reagan from an assassination attempt, as well as how he gave Vince Foster $250 million earmarked for The Childrens' Fund and its chairman Hillary Clinton right before Foster was found dead.

Wanta also holds the financial key to perhaps one of the biggest bank heists in U.S. history, amounting to $752 billion of money stolen by the Illuminati that should be in the U.S. Treasury. He also was appointed trustee of $27 trillion, made as U.S. profits during the days he helped orchestrate the destabilization of the Russian currency.

A recent federal court ruling held in favor of Wanta's trustee authority of the enormous amount of money, an appointment made by Reagan. Presently, he said the only thing keeping him alive is "I know where the money is and they don't," wanting to return it to the U.S. Treasury and the American people before the criminals in Washington, including Bush and Clinton, manipulate the money into private accounts using the fraudulent Federal Reserve system to their advantage.

Wanta said it was Israel's RABIN who got him out of prison in Switzerland, because Wanta's people made a DEAL with Rabin for MONEY to settle the Palestinian question by building up the palestinian side of the terrorities

RABIN was assasinated

Wanta said he had just wired Vince Foster 250 million before Foster was MURDERED.

That lawsuit was the matter of (Plaintiff) Ambassador Leo E. Wanta v. United States of America, et al (Defendants), Case number 02-1363-A, United States District Court, Eastern District of Virginia, Alexandria Division. That particular court is where sensitive national security matters are heard and kept quiet for national security reasons.

The government is not prosecuting these cases for two reasons. First, the National Security Act of 1947 and these accounts are supposed to be secret dark ops accounts. Said another way, the US government does not want you and me to know what they have done. Second, the United States would open up a can of worms and wind up being the defendants in what would drag net in many within our government to face criminal charges.

At this time, those funds are supposed to be in about 110 banks, 18 countries or so, and not in G7 currencies to keep the matter quiet. However, things are not quiet and are not going to be quiet about such a large sum of money.

On April 15, 2003 a United States District court ruled that Mr. Wanta was to liquidate the multiple entities that were formed as US government fronts, recover the money and pay the taxes. I have read the order and it says what it says. That seems simple enough but to date banks are balking and some are apparently under tremendous pressures to not release the funds to comply with the court order. The final order makes numerous references to the National Security Act as the reason for putting the lid on this matter.

To get the deal done, the United States guaranteed the foreign banks that they could cash their foreign currency part of the deal in for US dollars. Are you getting that picture? Petrodollars so they all stay tied to the dollar and do not jump ship to the Euro.

Well folks, it still has not happened and there are deposits in other currencies in other countries so large that their withdrawal would crater the commercial banks, the Central Banks of those nations, and their economies. What a vicious web some of our leaders have weaved.

So, on the one hand we have a court order to recover and pay the taxes and on the other we have dark ops accounts that some in the United States would love to see stay in place so they can bully those nations at will. There is a third group that wants these funds to stay dark ops so they can continue to play all sorts of dark ops games.

That lawsuit was the matter of (Plaintiff) Ambassador Leo E. Wanta v. United States of America, et al (Defendants), Case number 02-1363-A, United States District Court, Eastern District of Virginia, Alexandria Division.

At this time, those funds are supposed to be in about 110 banks, 18 countries or so, and not in G7 currencies to keep the matter quiet.

a) simply bullshit, and

b) that makes _no_ sense at all. what is 'g7' currency??

Quoting: know_one

HEY DUMBASS! IF YOU DONT KNOW THAT THE G7 ARE REPRESENTATIVE OF THEIR COUNTRIES AND THEIR FORMER INDIVIDUAL CURRENCIES THEN YOU HAVE {NO , ZERO, NONE , NIL, ZILCH,} BUSINESS TRYING TO DEBUNK THE VALIDITY OF THE WANTA PLAN AND ITS CONTENT! BEFORE TRYING TO DEBUNK SOMETHING THAT IS BEING DISCUSSED WORLD WIDE ON THE HIGHEST LEVEL OF THE BANKING SYSTEM TRYING DOING A LITTLE RESEARCH FIRST !! OK SPORT..

HANOI, Vietnam U.S. Treasury Secretary Henry Paulson strolled through Hanoi's famous Old Quarter Friday, and said the United States was committed to helping the communist country join the World Trade Organization.

......

Paulson also assured the Vietnamese that they have U.S. President George W. Bush's backing to join the World Trade Organization. The two countries signed a trade agreement in May, clearing the way for the U.S. to support Vietnam's membership. But the U.S. Congress must grant Vietnam permanent normal trade relations before the pact can take effect.

"The relationship between the United States and Vietnam is a very strong one, and so I very much appreciate the chance to meet with the prime minister and the minister of finance," Paulson said. "We talked about a number of things, but mainly trade, the importance of PNTR and how committed President Bush is to getting the trade agreement through Congress."

....

He is expected to travel to Singapore next week for the IMF-World Bank annual meeting and to China the following week.

Analysts predict that at some point he will likely push for China to allow the value of its currency to increase against the U.S. dollar, which would help narrow the trade gap by making Chinese goods more expensive for Americans and U.S. exports cheaper in China.......